TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
JCI declines 0.05% Friday morning
The Jakarta Composite Index (JCI) opened on a negative note on Friday, declining slightly by 0
Change Size
The Jakarta Composite Index (JCI) opened on a negative note on Friday, declining slightly by 0.05 percent to 5,091.04.
Meanwhile, the value of shares of blue chip companies traded on the Indonesia Stock Exchange (IDX) increased by 0.07 percent to 874.52.
PT Astronacci International investment strategist chief Gema Goeyardi said that the decline was triggered by debates between the US central bank and the Federal Open Market Committee on the US Federal Reserve benchmark interest-rate hike, which would result in negative impacts on most markets around the globe.
'Even though the JCI corrected this morning, that does not change its overall good outlook,' Gema said, as quoted by Antara news agency.
In addition, HD Capital analyst Yuganur Wijanarko said that the market's euphoria over the fuel-price hike has disappeared, making the JCI decline during the first trading session.
'But we do not have to worry because the trend is that the JCI is expected to continue making improvements,' Yuganur said.
Meanwhile in regional markets, Hong Kong's Hang Seng and Japan's Nikkei weakened by 0.14 percent and 0.98 percent, respectively. (nfo)
